Insider: G7 plan new trade sanctions against Russia
G7 leaders plan to step up measures against Russia at their summit in Japan this week, insiders say. These are aimed at circumventing sanctions by third countries and intended to undermine Russia’s future energy production and trade, people familiar with the matter tell Reuters. US officials believe G7 members could issue a blanket ban on exports of goods to Russia unless specifically exempted. This would be a reversal of the previous sanctions concept, according to which the sale of all goods to Russia is permitted if they are not on the black list.